With recent fundamental shifts in sentiment, along with the global futures charts to back my opinion, I am long this pair. The technical shows price making a bounce off of 1.1200 support, heading towards 1.1450 resistance, which if broken, will signal my long entry. I will also be looking for limit orders if price drops as much as 160 pips from current price, then I will also be looking to cover longs as far down as 1.1250 support. My short term forecast is to get to my first target set at 1.1632 for +160 pips profit.
